U.S. stock futures dipped slightly lower on Monday morning after the S&P 500 (SPX) traded close to a record high. Investors are cautious ahead of a busy week filled with potential market-moving events, including inflation data and trade talks. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 were down 0.01%, 0.02%, and 0.01%, respectively, at 4:18 a.m. EST, June 9.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Following a second straight week of gains across the three major indexes, the S&P 500 closed above 6,000 for the first time since February 21, rising 1.5% for the week. The Dow Jones and Nasdaq Composite (NDAQ) also gained last week, up 1.2% and 2.2%, respectively.
The recent stock market rally suggests that worries about tariffs and the U.S. economy are starting to ease among traders and investors. Chris Verrone, chief market strategist at Strategas, said on CNBC’s “Closing Bell” Friday that the market’s tone remains “pretty constructive,” with the S&P 500 reaching a three-month high.
This week has several key events lined up. First, trade talks between U.S. and Chinese officials are expected to take place today in London. In addition, Apple’s (AAPL) 2025 Worldwide Developers Conference (WWDC) kicks off today. With Apple shares down over 18% this year, the event may help lift investor sentiment.
Looking ahead, inflation data will take center stage. The Consumer Price Index (CPI) for May is set for release on Wednesday, followed by the Producer Price Index (PPI) on June 12. Both reports could offer fresh insight into how current tariff levels are affecting prices across the economy. Additionally, a new consumer sentiment survey from the University of Michigan, which includes inflation expectations, is due Friday.
This week’s corporate earnings lineup includes major players, such as GameStop (GME), Chewy (CHWY), Oracle (ORCL), Adobe (ADBE), and RH (RH).
Meanwhile, the U.S. 10-year treasury yield was down, floating near 4.48%. Simultaneously, WTI crude oil futures are trending lower, hovering near $64.47 per barrel as of the last check. At the same time, the Gold Spot U.S. Dollar Price rose to nearly $3,324 per ounce on Monday.
Elsewhere, European markets traded flat on Monday as investors waited for fresh U.S.-China trade talks.
Asia-Pacific Markets Ended Higher Today
Asia-Pacific markets moved higher on Monday as investors looked ahead to trade talks between Washington and Beijing later in the day and digested fresh inflation and trade data from China.
Hong Kong’s Hang Seng Index was up 1.53%. Also, Japan’s Nikkei and Topix indices gained 0.92% and 0.58%, respectively. At the same time, China’s Shanghai Composite and Shenzhen Component indices closed higher by 0.43% and 0.65%, respectively.
Interested in more economic insights? Tune in to our LIVE webinar.
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue